Income Statement
| Year Ending Dec 2022 (Update) | Year Ending Dec 2021 (Update) | Year Ending Dec 2020 (Update) | Year Ending Dec 2019 (Restated) | |
|---|---|---|---|---|
| Net Sales | 8,986.00 | 8,821.00 | 8,723.00 | 8,929.00 |
| Revenue | 8,986.00 | 8,821.00 | 8,723.00 | 8,929.00 |
| Total Revenue | 8,986.00 | 8,821.00 | 8,723.00 | 8,929.00 |
| Cost of Revenue | 1,525.00 | 1,520.00 | 1,523.00 | 1,563.00 |
| Cost of Revenue, Total | 1,525.00 | 1,520.00 | 1,523.00 | 1,563.00 |
| Gross Profit | 7,461.00 | 7,301.00 | 7,200.00 | 7,366.00 |
| Selling/General/Administrative Expense | 1,864.00 | 1,737.00 | 1,650.00 | 1,745.00 |
| Labor & Related Expense | 1,872.00 | 1,882.00 | 1,891.00 | 1,933.00 |
| Selling/General/Administrative Expenses, Total | 3,736.00 | 3,619.00 | 3,541.00 | 3,678.00 |
| Depreciation | 1,868.00 | 1,889.00 | 1,837.00 | 1,912.00 |
| Depreciation/Amortization | 1,868.00 | 1,889.00 | 1,837.00 | 1,912.00 |
| Litigation | 55.00 | -23.00 | 11.00 | 10.00 |
| Impairment-Assets Held for Use | 0.00 | 0.00 | 293.00 | 1,147.00 |
| Loss (Gain) on Sale of Assets - Operating | -8.00 | -175.00 | -18.00 | -508.00 |
| Other Unusual Expense (Income) | 0.00 | 0.00 | -22.00 | -- |
| Unusual Expense (Income) | 47.00 | -198.00 | 264.00 | 649.00 |
| Other Operating Expense | -- | -- | -- | -- |
| Other, Net | 173.00 | 121.00 | 103.00 | 277.00 |
| Other Operating Expenses, Total | 173.00 | 121.00 | 103.00 | 277.00 |
| Total Operating Expense | 7,349.00 | 6,951.00 | 7,268.00 | 8,079.00 |
| Operating Income | 1,637.00 | 1,870.00 | 1,455.00 | 850.00 |
| Interest Expense - Non-Operating | -254.00 | -270.00 | -303.00 | -378.00 |
| Interest Expense, Net Non-Operating | -254.00 | -270.00 | -303.00 | -378.00 |
| Interest Income, Non-Operating | 20.00 | 28.00 | 30.00 | 29.00 |
| Investment Income, Non-Operating | -102.00 | -49.00 | -33.00 | -54.00 |
| Interest/Investment Income, Non-Operating | -82.00 | -21.00 | -3.00 | -25.00 |
| Interest Income (Expense), Net-Non-Operating, Total | -336.00 | -291.00 | -306.00 | -403.00 |
| Other Non-Operating Income (Expense) | 35.00 | -14.00 | -65.00 | -148.00 |
| Other, Net | 35.00 | -14.00 | -65.00 | -148.00 |
| Net Income Before Taxes | 1,336.00 | 1,565.00 | 1,084.00 | 299.00 |
| Income Tax – Total | 336.00 | 382.00 | 288.00 | 1,493.00 |
| Income After Tax | 1,000.00 | 1,183.00 | 796.00 | -1,194.00 |
| Minority Interest | -- | -- | -- | -- |
| Net Income Before Extraordinary Items | 1,000.00 | 1,183.00 | 796.00 | -1,194.00 |
| Net Income | 1,000.00 | 1,183.00 | 796.00 | -1,194.00 |
| Income Available to Common Excluding Extraordinary Items | 1,000.00 | 1,183.00 | 796.00 | -1,194.00 |
| Income Available to Common Stocks Including Extraordinary Items | 1,000.00 | 1,183.00 | 796.00 | -1,194.00 |
| Basic Weighted Average Shares | 2,766.00 | 2,765.00 | 2,765.00 | 2,776.74 |
| Basic EPS Excluding Extraordinary Items | 0.36 | 0.43 | 0.29 | -0.43 |
| Basic EPS Including Extraordinary Items | 0.36 | 0.43 | 0.29 | -0.43 |
| Dilution Adjustment | -- | -- | -- | -- |
| Diluted Net Income | 1,000.00 | 1,183.00 | 796.00 | -1,194.00 |
| Diluted Weighted Average Shares | 2,777.78 | 2,765.00 | 2,765.00 | 2,776.74 |
| Diluted EPS Excluding Extraordinary Items | 0.36 | 0.43 | 0.29 | -0.43 |
| Diluted EPS Including Extraordinary Items | 0.36 | 0.43 | 0.29 | -0.43 |
| DPS - Common Stock Primary Issue | 0.20 | 0.09 | 0.00 | 0.00 |
| Gross Dividends - Common Stock | 780.00 | 240.00 | -- | -- |
| Total Special Items | 47.00 | -198.00 | 264.00 | 649.00 |
| Normalized Income Before Taxes | 1,383.00 | 1,367.00 | 1,348.00 | 948.00 |
| Effect of Special Items on Income Taxes | 11.82 | -48.33 | 70.14 | 227.15 |
| Income Taxes Excluding Impact of Special Items | 347.82 | 333.67 | 358.14 | 1,720.15 |
| Normalized Income After Taxes | 1,035.18 | 1,033.33 | 989.86 | -772.15 |
| Normalized Income Available to Common | 1,035.18 | 1,033.33 | 989.86 | -772.15 |
| Basic Normalized EPS | 0.37 | 0.37 | 0.36 | -0.28 |
| Diluted Normalized EPS | 0.37 | 0.37 | 0.36 | -0.28 |
| Amortization of Intangibles, Supplemental | 158.00 | 163.00 | 176.00 | 196.00 |
| Depreciation, Supplemental | 1,710.00 | 1,726.00 | 1,661.00 | 1,716.00 |
| Interest Expense, Supplemental | 254.00 | 270.00 | 303.00 | 378.00 |
| Equity in Affiliates, Supplemental | -- | 0.00 | 0.00 | -2.00 |
| Minority Interest, Supplemental | -- | -- | -- | -- |
| Gross Margin | 83.03 | 82.77 | 82.54 | 82.50 |
| Operating Margin | 18.22 | 21.20 | 16.68 | 9.52 |
| Pretax Margin | 14.87 | 17.74 | 12.43 | 3.35 |
| Effective Tax Rate | 25.15 | 24.41 | 26.57 | 499.33 |
| Net Profit Margin | 11.13 | 13.41 | 9.13 | -13.37 |
| Normalized EBIT | 1,684.00 | 1,672.00 | 1,719.00 | 1,499.00 |
| Normalized EBITDA | 3,552.00 | 3,561.00 | 3,556.00 | 3,411.00 |
| Current Tax - Domestic | 293.00 | 289.00 | 273.00 | 391.00 |
| Current Tax - Other | 0.00 | 14.00 | 57.00 | -11.00 |
| Current Tax - Total | 293.00 | 303.00 | 330.00 | 380.00 |
| Deferred Tax - Other | 43.00 | 79.00 | -42.00 | 1,113.00 |
| Deferred Tax - Total | -- | -- | -- | -- |
| Deferred Tax - Total | 43.00 | 79.00 | -42.00 | 1,113.00 |
| Income Tax - Total | 336.00 | 382.00 | 288.00 | 1,493.00 |
In millions of USD (except for per share items)
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